A company that falsely claimed it could help homeowners avoid foreclosure—and charged up to $2,500 for the phantom service—must repay all its victims, according to the Federal Trade Commission. The company, Florida-based Home Assure, stole between $1,500 and $2,500 from each victim. Now those victims—1,410 in all—are getting their money back. The FTC began mailing… Read More
For many people, getting out of debt can seem like an insurmountable challenge. There are many strategies out there—from debt laddering, to bargain hunting and even investment vehicles. Recently, we came across one that piqued our interest. Jean Chatzky, personal finance guru and bestselling author, has introduced something called The Debt Diet™. This strategy focuses… Read More
Jean Chatzky’s first debt diet was the result of a personal emergency. She was just out of college, writing for a women’s magazine, living in New York. Her rent wasn’t even especially high, Chatzky says. But New York is a famously expensive city. All of a sudden, she racked up credit card debt equal to… Read More
If you are throwing personal financial tricks with your monthly budget, it can feel like balancing on a 4 inch wide wooden beam. How long can you keep your balance until you fall?
A majority of consumers have suffered some economic distress in the last few years as many experienced some type of income loss, or saw the value of their home decline significantly, and this has led to more caution around debt in general, according to a new study conducted jointly by researchers at Oregon State University… Read More
By now, nearly every American should know that a “credit report” and a “credit score” represent a measure of our personal financial integrity. Those reports and scores, for individuals, are kept and computed by a select number of large companies (like Equifax, TransUnion, FICO and Experian). Even though most of us have had little if… Read More
By David Ning
Here are eight tips to help you make the mortgage application process go a bit smoother.
Today’s top news headlines show how much money laid-off workers are earning in new positions and explains reasons Americans who meet mortgage loan criteria are still being denied loans. Plus, find out why more U.S. companies are hiring overseas. Laid-Off Individuals Accept Drastic Pay Cuts The Huffington Post A large number of Americans who lost… Read More
Are you being tracked online? The answer is yes. There are financial incentives for everyone from malicious hackers, to scheming governments, to an industry that has found a way to monetize your digital habits. Behavioral marketing—delivering ads to consumers based on their activity online—is an estimated $80 billion industry. The goal is to sell: cars,… Read More
I know a lot of people get frustrated when they ask a seemingly simple question about their credit score and receive an answer that sounds evasive. For example, how many points does a credit inquiry cost? How many credit accounts should I have on my credit report to get the most points for that area? … Read More